2021-08-31-accounts - Alburgh With Denton Pre-School Nursery

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Alburgh with Denton Pre‐School Nursery

Unaudited

Trustee’s Report and Financial Statements For the Year Ended 31st August 2021

Registered Charity Number 1156482

Alburgh with Denton Pre‐School Nursery

Trustee’s Report and Financial Statements

Year Ended 31[st] August 2021

Contents	Page
Charity Information	1
Trustee’s Annual Report	2 to 4
Independent Examiner’s Report to the Trustees	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 12

Alburgh with Denton Pre‐School Nursery

Charity Information

Year Ended 31[st] August 2021

Trustees Helen Whiting (Interim Chair) Karen Thompson Hayley Trickett Marion Averil Brown Amie Marshall Charity Registered Number 1156482 Principal Office School Road Alburgh Harleston Norfolk IP20 0BW Independent Examiner Anthony James Brice LP Chartered Certified Accountant 10, The Thoroughfare Harleston Norfolk IP20 9AX

Alburgh with Denton Pre‐School Nursery

Trustee’s Annual Report

Year Ended 31[st] August 2021

The Trustees presents its annual report together with the financial statements of Alburgh with Denton Pre‐School Nursery (the charity) for the year ended 31[st] August 2021. The financial statements comply with the Charities Act 2011 and the Statement of Recommended Practice: “Accounting and Reporting by Charities” (FRS 102). The report takes account of the requirement for Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commission’s guidance on public benefit.

Structure, governance and management

Constitution

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable it to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The charity is a Charitable Incorporated Organisation (CIO) association registered 2014.

Trustees

The following trustees served office during the year:

Katy McNamara (Chair)
Karen Thompson
Hayley Trickett
Marion Averil Brown
Amie Marshall
Helen Whiting

Method of Appointment or Election of Trustee

The charity has a board of trustees as listed above. The trustees are appointed by the members of the charity at the Annual General Meetings.

Organisational Structure and Decision Making

The Board of Trustees meets regularly and is the principal decision‐making body of the company although day to day management is delegated to the management team employed by the charity.

Risk Management

The Trustees has considered the risks the Charity faces and has concluded that there are no major risks at this time. A review of risks is made on a regular basis.

Alburgh with Denton Pre‐School Nursery

Trustee’s Annual Report (continued)

Year Ended 31[st] August 2021

Objectives and Activities

Policies and Objectives

The objects of the charity are the development and education of children and young people by: 1) promoting their care and safety; 2) promoting their education and promoting parental involvement; 3) promoting their health and wellbeing; 4) providing services to support them and their families and carers; 5) providing services to individuals holding membership of the CIO; and 6) furthering the aims of the pre‐school learning alliance.

Public Benefit

The board of trustees has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined in this document clearly demonstrate that the charity is providing a benefit to the public.

Activities

In order to achieve the principal objectives, set out above, the charity provides a variety of activities. It operates two Ofsted registered Early Years Settings, one within the grounds of Alburgh with Denton Primary School and one in the grounds of Harleston Primary School. Relevant registers include the Early Years Register, Compulsory Childcare Register, Voluntary Childcare Register. Pre‐school care is offered to 2‐5 year olds through local authority funded and privately paid for places. The settings also offer breakfast club, after‐school club and holiday club services for primary school age children of local users.

Achievements and performance

Review of Activities

Throughout the year both settings continued to remain open, providing care for keyworker families and vulnerable families during the lockdown in early 2021, and for the wider community at all other times.

Staff have worked hard to address the inevitable impacts the pandemic has had for children starting at the settings and also those transitioning to schools, with a key focus of supporting children’s social development after a period where normal community interactions have been so heavily restricted.

All good practice Covid measures continued to be implemented, and it is a credit to both the staff and families that there have been no outbreaks within either setting. Inevitably and understandably some families have been cautious in returning to previous levels of use particularly when community infection rates were high. As a result the Manager and staff have been diligent in ensuring the judicious use of funds during this period, to ensure financial implications for the Charity were minimal. Overall demand has been maintained during both term time and holidays, with the settings offering valuable holiday club places at a time when many have been withdrawn elsewhere.

Financial review

Total income for the year on an accruals basis is £246,510 (2020: £318,549). Total net outgoing resources, after all operational expenses, is £67,019 (2020: £4,633 incoming). Free reserves (unrestricted funds excluding fixed assets) at the end of the financial year was £46,687 (2020: £106,866).

Reserves Policy

The Trustees considered what reasonable unrestricted reserves we should look to retain to ensure we can cope with financial challenges that might arise. Having looked at the risks to our income streams and the short and long term expenditure commitments we have, and after allowing for possible unplanned expenditure that may be needed, it was agreed we would look to keep free reserves (unrestricted funds excluding fixed assets) of £100,000. This figure will be reviewed when we set the next annual budget.

Plans for the future

We will continue to proceed with caution regarding expenditure, whilst continuing to provide the essential community childcare services as normal going forward. As Covid allows, we aim to continue to provide and raise awareness of our holiday clubs for local families.

Alburgh with Denton Pre‐School Nursery

Trustee’s Annual Report (continued)

Year Ended 31[st] August 2021

Trustees’ Responsibility Statement

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

10/05/2022

This report was approved by the Trustees on …………………………………………..…………………… and signed on its behalf by:

Helen Whiting (May 10, 2022 22:42 GMT+1)

…………………………………………………………………………………

Helen Whiting

Print Name …………………………………………………………….… Trustee

Independent Auditors Report

to the Trustees of Alburgh with Denton Pre‐School Nursery (continued)

Year Ended 31[st] August 2021

I report on the financial statements of the charity for the year ended 31st August 2021 set out on pages 6 to 13.

This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement – emphasis of matter

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Anthony James Brice FCCA 10, The Thoroughfare Harleston Norfolk IP20 9AX

11/05/2022

Date: …………………………………………………..

Alburgh with Denton Pre‐School Nursery

Statement of Financial Activities

Year Ended 31[st] August 2021

		Unrestricted	Restricted	Total	*Total*
		Funds	Funds	Funds 2021	*Funds 2020*
	Note	£	£	£	£
Incoming Resources
From generated funds
Voluntary income	3	253	840	1,093	30,814
Investment income	4	12	‐	12	112
Charitable activities	5	245,405	‐	245,405	287,623
Other incoming resources	6	‐	‐	‐	‐
Total incoming
Resources		245,670	840	246,510	*318,549*
Resources Expended
Charitable activities
Direct charitable	7	304,809	2,201	307,010	309,718
expenditure
Costs of generating funds		899	‐	899	1,571
Governance costs	8	5,620	‐	5,620	2,627
Total resources
expended		311,328	2,201	313,529	*313,916*
Net (outgoing)/incoming
Resources		(65,658)	(1,361)	(67,019)	*4,633*
Transfers between funds	12	‐	‐	‐	‐
Net movement in Funds		(65,658)	(1,361)	(67,019)	*4,633*
Reconciliation of Funds
Balances brought forward		164,469	15,593	180,062	175,429
Balances carried forward		98,811	14,232	113,043	*180,062*

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 8 to 13 form part of these financial statements.

Alburgh with Denton Pre‐School Nursery

Balance Sheet

Year Ended 31[st] August 2021

Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: Amounts falling due within one year 11 Net current assets Total assets less Current liabilities Long term liabilities Total net assets Represented by: Unrestricted funds 12 Restricted	2021 £ £ 57,569 7,584 60,899 68,483 (13,009) 55,474 113,043 ‐ 113,043 98,811 14,232 113,043 10/05/2022	*2020* £ 15,892 107,474 123,366 (7,714)	£ 64,410 115,652
			180,062 ‐ *180,062*
			164,469 15,593 *180,062*

These financial statements were approved by the Trustees on ………………………………………….and are signed on its behalf by;

Helen Whiting (May 10, 2022 22:42 GMT+1)

…………………………………………………………………………………

Print Name …………………………………………………………..…. Trustee Helen Whiting

The notes on pages 8 to 12 form part of these financial statements.

Alburgh with Denton Pre‐School Nursery

Notes to the Financial Statements

Year Ended 31[st] August 2021

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

a) Basis of accounting

Alburgh with Denton Pre‐School Nursery is Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales and governed in accordance with an Association constitution. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are described in the Trustees’ Report.

The charity constitutes a public benefit entity as defined by FRS 102.The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. Assets are stated at cost less impairments which are charged to the statement of financial activities. The financial statements are prepared in sterling which is the functional currency of the charity

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objects of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as a whole.

c) Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

Voluntary income is received by way of donations and gifts and is included in full in the SOFA when receivable. Grants and donations are recognised when receivable.

Investment income along with any recoverable income tax is recorded when receivable. Gift aid reclaimable on donations to the charity is included with the amount received.

d) Resources expended

Expenditure is recognised in the accounts on an accruals basis and includes any irrecoverable VAT. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

e) Fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

Alburgh with Denton Pre‐School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2021

2. Taxation

Alburgh with Denton Pre‐School Nursery is a registered charity and is therefore exempt from direct taxation. It is unable to reclaim value added tax, which is included under the various relevant expenditure headings.

3. Voluntary Income

3.	Voluntary Income
		Unrestricted	Restricted		*Total*
		Funds 2021	Funds	2021	*Funds 2020*
			£		£
	Fundraising	253		‐	600
	Grants receivable	‐		840	30,094
	Donations	‐		‐	120
		253		840	*30,814*
4.	Investment Income
			Unrestricted		*Total*
			Funds	2021	*Funds 2020*
			£		£
	Bank interest receivable			12	112
	Other interest receivable			‐	‐
				12	*112*
5.	Charitable Activities
			Unrestricted		*Total*
			Funds	2021	*Funds 2020*
			£		£
	Fees received from local authorities		177,927		232,772
	Fees received from parents and guardians		66,957		54,802
	Income from other charitable activities			521	49
	Total		245,405		*287,623*
6.	Other Incoming Resources
			Unrestricted		*Total*
			Funds	2021	*Funds 2020*
			£		£
	Other income			‐	‐
				‐	‐
	Total			‐	‐

Alburgh with Denton Pre‐School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2021

7. Analysis of Charitable Expenditure

Direct charitable services

	Unrestricted	Restricted	Restricted	*Total*
	Funds 2021	Funds	2021	*Funds 2020*
		£		£
Wages	258,393		‐	251,402
Refreshments	2,878		‐	2,637
Consumables	4,417		‐	2,422
Equipment	3,804		‐	2,085
Administration	11,958		‐	14,201
Premises costs	8,200		‐	13,784
General	5,169		840	8,315
Depreciation of tangible fixed assets	9,990	1,361		14,303
Other	‐		‐	569
	304,809	2,201		*309,718*

The average number of staff employed by the charity during the financial year was 13 (2020: 15). No employee received remuneration amounting to more than £60,000 in either year.

8. Governance Costs

	Unrestricted	*Total*
	Funds 2021	*Funds 2020*
	£	£
Insurance	1,637	1,457
Legal fees	1,283	1,457
Independent examiners fees	2,700	1,170
Total	5,620	*2,627*

During this and the preceding year none of the trustees received any remuneration, benefits in kind or reimbursement of expenses incurred on behalf of Alburgh with Denton Pre‐School Nursery.

9. Tangible fixed assets

Property Fixtures & Equipment Improvements Fittings £ £ £ Cost Brought forward 17,346 13,360 74,259 Additions ‐ 934 3,576 Disposals ‐ ‐ ‐ Carried forward 17,346 14,294 77,835 Depreciation Brought forward 1,592 5,971 32,992 Charge for the year 694 1,665 8,992 Elimination on disposal ‐ ‐ ‐ Carried forward 2,286 7,636 41,984 Net book value Carried forward 15,060 6,658 35,851 Brought forward *15,754* *7,389* *41,267*	Total £ 104,965 4,510 ‐ 109,475	Total £ 104,965 4,510 ‐ 109,475
		40,555 11,351 ‐ 51,906
		57,569
		*64,410*

Alburgh with Denton Pre‐School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2021

10. Debtors: Amounts falling due within one year

			2021	*2020*
			£	£
Trade debtors			7,584	15,892
Other debtors			‐	‐
Total			7,584	*15,892*
Creditors: Amounts falling due within one year
			2021	*2020*
			£	£
Trade creditors			375	322
Social security and other taxes			5,571	4,879
Other creditors			7,063	2,513
Total			13,009	*7,714*
Statement and Summary of Funds
	Balance	Incoming	Outgoing &	Balance
	Brought Forward		Transfers	Carried Forward
	as restated
	£	£	£	£
Unrestricted funds
General funds	164,469	245,670	(311,328)	98,811
Restricted funds
NCC grant for site works	15,593	‐	(1,361)	14,232
Other	‐	840	(840)	‐
	15,593	840	(2,201)	14,232

11. Creditors: Amounts falling due within one year

12. Statement and Summary of Funds

The Norfolk County Council (NCC) grant for site works and equipment was provided to contribute to the costs of making the expanding pre‐school fit for purpose. Some of the grant money was provided to reimburse expenditure incurred in previous periods and an amount equal to those costs has been transferred between reserves.

13. Analysis of net assets between restricted and unrestricted funds

Other Net Fixed Assets Assets £ £ Restricted funds 5,445 8,787 Unrestricted funds 52,124 46,687 57,569 55,474	Total £ 14,232 98,811 113,043

14. Related Party Transactions

There were no related party transactions during this or the preceding year.

Alburgh with Denton Pre‐School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2021

16. Comparative Statement of Financial Activity

Unrestricted Funds Note £ Incoming Resources From generated funds Voluntary income 720 Investment income 112 Charitable activities 287,623 Other incoming resources ‐ Total incoming Resources 288,455 Resources Expended Charitable activities Direct charitable 299,752 expenditure Costs of generating funds 1,571 Governance costs 2,627 Total resources expended 303,950 Net (outgoing)/incoming Resources (15,495) Transfers between funds 13,043 Net movement in Funds (2,452) Reconciliation of Funds Balances brought forward 166,921 Balances carried forward 164,469	Restricted Total *Total* Funds Funds 2020 *Funds 2019* £ £ 30,094 30,814 36,542 ‐ 112 50 ‐ 287,623 258,886 ‐ ‐ ‐ 30,094 318,549 *295,478* 9,966 309,718 259,926 ‐ 1,571 1,850 ‐ 2,627 1,436 9,966 313,916 *263,212* 20,128 4,633 *32,266* (13,043) ‐ ‐ 7,085 4,633 *32,266* 8,508 175,429 143,163 15,593 180,062 *175,429*	Restricted Total *Total* Funds Funds 2020 *Funds 2019* £ £ 30,094 30,814 36,542 ‐ 112 50 ‐ 287,623 258,886 ‐ ‐ ‐ 30,094 318,549 *295,478* 9,966 309,718 259,926 ‐ 1,571 1,850 ‐ 2,627 1,436 9,966 313,916 *263,212* 20,128 4,633 *32,266* (13,043) ‐ ‐ 7,085 4,633 *32,266* 8,508 175,429 143,163 15,593 180,062 *175,429*
		259,926 1,850 1,436 *263,212*
		*32,266* ‐ *32,266* 143,163

		*175,429*